Global Retirement Partners LLC Increases Stock Position in NewMarket Co. (NYSE:NEU)

Global Retirement Partners LLC grew its position in shares of NewMarket Co. (NYSE:NEU) by 30.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 557 shares of the specialty chemicals company’s stock after purchasing an additional 129 shares during the period. Global Retirement Partners LLC’s holdings in NewMarket were worth $294,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC grew its holdings in NewMarket by 38.7% during the 4th quarter. Kestra Investment Management LLC now owns 1,461 shares of the specialty chemicals company’s stock valued at $772,000 after buying an additional 408 shares in the last quarter. Venturi Wealth Management LLC increased its position in NewMarket by 0.8% in the fourth quarter. Venturi Wealth Management LLC now owns 8,246 shares of the specialty chemicals company’s stock worth $4,357,000 after purchasing an additional 64 shares during the last quarter. Sanctuary Advisors LLC lifted its position in NewMarket by 5.1% during the fourth quarter. Sanctuary Advisors LLC now owns 851 shares of the specialty chemicals company’s stock valued at $426,000 after purchasing an additional 41 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of NewMarket by 10.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 3,926 shares of the specialty chemicals company’s stock worth $2,074,000 after buying an additional 365 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of NewMarket by 10.9% in the 4th quarter. Principal Securities Inc. now owns 357 shares of the specialty chemicals company’s stock worth $189,000 after buying an additional 35 shares during the last quarter. 61.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut NewMarket from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

NewMarket Stock Up 1.2 %

Shares of NEU opened at $555.28 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 2.75 and a debt-to-equity ratio of 0.66. NewMarket Co. has a 52-week low of $480.00 and a 52-week high of $650.00. The company has a market cap of $5.29 billion, a PE ratio of 11.52 and a beta of 0.48. The business has a fifty day moving average of $515.81 and a 200 day moving average of $534.23.

NewMarket (NYSE:NEU) last released its earnings results on Monday, February 3rd. The specialty chemicals company reported $11.56 earnings per share (EPS) for the quarter. NewMarket had a net margin of 16.59% and a return on equity of 35.48%.

About NewMarket

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.